US stocks opened sharply higher Friday even after the American jobs market suffered its biggest blow ever
American drivers, some of whom are hurting financially from mass unemployment, may not be happy to see that. While that's well below $2.89 a gallon from a year ago, it's also off the low of $1.77.
During the height of the crisis, more than a dozen US states had at least one gas station with sub-$1-a-gallon gasoline, according to GasBuddy. Now just two stations in the nation are sitting below $1 a gallon, both in Arkansas. "Ultra-low prices have disappeared," said Patrick DeHaan, oil and refined products analyst at GasBuddy.allowed some cautious optimism to creep back into an oil marketWe think the bottom of pricing is in. We don't think we'll see a return of negative prices over the short term," said Michael Tran, RBC's director of global energy strategy.
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